# July WASDE optimistic for wheat but less so for corn and soybeans - Agweek | #1 source for agriculture news, farming, markets

> USDA cut the 2021-22 U.S. wheat crop by 152 million bushels to 1.746 billion, with hard red spring wheat at 305 million bushels amid Northern Plains drought. Wheat ending stocks fell to 665 million bushels, the lowest since 2013-14, and the season-average price was raised to $6.60. Corn and soybean numbers were less supportive.

- Date: 2021-07-12 · published 2021-07-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/46005-july-wasde-optimistic-for-wheat-but-less-so-for-corn-and-soybeans-agweek-1
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lowest wheat carryout since 2013-14 and a higher price forecast support wheat values, and tighter wheat supplies may increase feed wheat demand.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-04-08 | [April WASDE within expectations on U.S. balance sheet; global corn and wheat adjusted - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/41797-april-wasde-within-expectations-on-u-s-balance-sheet-global-corn-and-wheat.md) | -2.0% | +4.8% |
| WHEAT | 2017-05-10 | [U.S. soy stocks seen rising, corn stocks seen falling in 2017-18 - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/70936-u-s-soy-stocks-seen-rising-corn-stocks-seen-falling-in-2017-18-agweek-1-source.md) | -2.4% | +0.5% |
| WHEAT | 2017-02-13 | [USDA Report Cuts Stocks - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72450-usda-report-cuts-stocks-agweek-1-source-for-agriculture-news-farming-markets.md) | -1.1% | -1.8% |
| WHEAT | 2021-08-20 | [Market turns quiet after report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12608-market-turns-quiet-after-report-agweek-1-source-for-agriculture-news-farming.md) | +1.0% | +5.2% |
| WHEAT | 2017-01-22 | [Post-USDA report fallout in markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72940-post-usda-report-fallout-in-markets-agweek-1-source-for-agriculture-news.md) | -1.3% | +4.1% |
| KWHEAT | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | +1.2% | +6.9% |
| KWHEAT | 2021-08-20 | [Market turns quiet after report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12608-market-turns-quiet-after-report-agweek-1-source-for-agriculture-news-farming.md) | 0.0% | -0.3% |
| KWHEAT | 2017-01-22 | [Post-USDA report fallout in markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72940-post-usda-report-fallout-in-markets-agweek-1-source-for-agriculture-news.md) | -2.0% | +3.0% |

## Sources

- agweek.com: https://www.agweek.com/business/july-wasde-optimistic-for-wheat-but-less-so-for-corn-and-soybeans

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.